SAN FRANCISCO, CALIFORNIA – OCTOBER 28: Vinod Khosla, Founding father of Khosla Ventures, speaks onstage throughout TechCrunch Disrupt 2024 Day 1 at Moscone Middle on October 28, 2024 in San Francisco, California. (Picture by Kimberly White/Getty Photos for TechCrunch) | Getty Photos for TechCrunch
The Seattle Seahawks’ three-decade run of possession underneath the Allen household is winding down, and as soon as the sale is accepted by league house owners the Tremendous Bowl champions will likely be overseen by the Khosla household.
It was introduced on Saturday that an settlement has been reached to promote the Seahawks for a reported record-setting $9.612 billion. Vinod Khosla, who co-founded Solar Microsystems again within the Nineteen Eighties, is required to drop his 3.1% stake within the San Francisco 49ers as a part of this association. The NFL has already despatched out a memo to all groups concerning the pending transaction.
Right here’s the complete textual content:
Following a radical gross sales course of run by Allen & Co., the Property of Paul Allen has reached settlement to promote the Seattle Seahawks to the Khosla household and a number of other restricted companions, topic to membership assessment and approval. Allen & Co. reported very sturdy curiosity within the Membership all through the method, with the Khosla group rising because the Membership’s most well-liked purchaser amongst a number of certified bidders. The Khosla household at present owns a restricted associate curiosity within the San Francisco 49ers and can be required to divest that curiosity.
The Khosla household consists of Neeru Khosla, who would function the controlling proprietor, Vinod Khosla, and their son Neal Khosla. Neeru Khosla is an educator and entrepreneur. Vinod Khosla is a tech investor who co-founded Solar Microsystems and at present runs Khosla Ventures, which he based. Neal Khosla is the CEO of Curai, an Al healthcare firm. Neal can be anticipated to have a major management function within the possession group.
Allen & Co. has saved us knowledgeable all through the method, and the Commissioner and League employees have had discussions with the Khosla household and its representatives.
We have now additionally commenced each assessment of key transaction paperwork and customary due diligence on the possible possession group. As this work progresses, we’ll report back to the Finance Committee, which is able to assessment the transaction upfront of the membership’s consideration.
Please tell us if in case you have any questions.
The memo offers us new info, which is that Vinod’s spouse, Neeru Khosla, would be the controlling proprietor. Vinod has already made his preliminary tweet conveying his pleasure. You received’t be listening to extra from him (or, presumably, any of the Khosla household) till after the sale is last.
Excited to be a part of this nice franchise. Additionally excited to see the cash all go to a non-profit. No different feedback until sale is last however extra about us at https://t.co/TZClc4dwFd https://t.co/OEko8fjKs1
— Vinod Khosla (@vkhosla) July 11, 2026
